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Natural gas and related issues

The great slowdown is looming

by Port News Editorial staff

The demand for natural gas in China this year will increase by 30 billion cubic meters, at a slower pace than the 40 billion cubic meters recorded in 2018. The forecast is by the Oxford Institute of Energy, which, in a context marked by the slowdown in the Chinese economy, has predicted a downsizing of the ambitions of the Dragon Empire in the Liquefied Natural Gas sector.

China closed the second quarter of 2019 with an annual GDP increase of 6.2%, a figure that is 0.2% lower than the first quarter and which is affected by the weakness of the global economy and the trade war with the United States.

Between January and May, China produced and imported 127 billion cubic metres of gas, a total of 10% more than in the same period of the previous year, but in 2018 the increase compared to 2017 was 20% greater.

Translation by Giles Foster

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